Day: March 24, 2026

Kalshi Joins Polymarket in Insider Trading Bans

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Two major prediction market platforms, Kalshi and Polymarket, on Monday announced new trading guardrails to address insider trading amid mounting concerns of market manipulation on recent event contracts.  It comes the same day that US lawmakers introduced a bipartisan bill to ban event contracts that resemble a “sports bet” or “casino-style game.” Kalshi on Monday said it would preemptively ban political candidates from trading on their own campaigns and those known to be involved in college and professional sports, such as athletes, personnel, and referees. Kalshi’s ban followed just hours…

TRON DAO expands AI fund to $1 billion to back agentic economy infrastructure

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TRON DAO, the community-governed organization behind one of the most heavily used blockchain networks for stablecoin settlement, is scaling its AI Fund from $100 million to $1 billion as it doubles down on building infrastructure for the burgeoning agentic economy, according to a Monday announcement. The fund targets early-stage investments and acquisitions across key areas such as agent identity, stablecoin payments, tokenized assets, and developer tools for autonomous financial systems. The initiative expands on a 2023 thesis that anticipated the convergence of AI and blockchain. With that convergence now gaining…

Biotech firm jumps 19% after stablecoin rebrand and SKY token bet

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Shares in NovaBay Pharmaceuticals jumped nearly 19% after the company announced it would change its name to Stablecoin Development Corporation as part of its strategic crypto pivot. NovaBay Pharmaceuticals CEO Michael Kazley said in a statement on Monday that the company’s plan going forward is to access cash flows within the growing stablecoin economy. “The name change to Stablecoin Development Corporation reflects our conviction that stablecoins represent the most compelling structural opportunity in digital finance,” he said. It adds to a wave of companies over the last year that have…

Polymarket updates fee structure and offers up to 30% referral rewards

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Blockchain-based prediction market platform Polymarket has rolled out a referral program that lets users monetize their network by earning a cut of trading fees. Direct referrals generate 30% in rewards, while indirect referrals bring in 10%, with unlimited upside. All earnings are calculated in real time and deposited directly into the user’s account balance. We’re excited to announce we’re expanding the release of Polymarket’s Referral Program from private beta to all traders with >$10k in volume You will now be eligible for rewards proportionate to the trading volume of all…

Strategy Unveils New $44B Plan to Fund Bitcoin Purchases

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Strategy is increasingly turning to perpetual preferred stocks to fund its Bitcoin strategy, with the company adding 90,000 BTC to its balance sheet so far this year. Michael Saylor’s Strategy has announced several capital-raising programs totaling $44.1 billion to fund Bitcoin purchases, including the sale of common shares and two of its dividend-paying equity vehicles. Strategy plans to raise up to $21 billion by selling Strategy (MSTR) stock and another $21 billion from its high-yield perpetual preferred stock, Stretch (STRC), via new at-the-market programs, the company said in an 8-K…